Power electronic systems have been widely applied in both industrial and domestic applications in the modern society for controlling and converting electrical energy. Due to their characteristics, such as excellent performance, low cost, high reliability, and low weight and size, power semiconductors, including insulated-gate bipolar transistors (IGBTs) dominate the market of power converters. The technical progress and development trend of IGBT for industrial applications are primarily driven by five aspects influenced by each other to an extent, including operating temperature, efficiency, dimension, reliability, and cost. Liquid cooling systems surpass the air cooling systems by supplying heat transfer coefficient, which is several orders of magnitude higher. Thus, using liquid cooling system enables much higher power densities of power modules and more compact converter solutions.